Question
a.
The maximum amount which the ceding insurer is prepared to retain for his own account.
b.
The limit of liability which he wishes to retain on any one risk or class of risks.
c.
An underwriter's estimate of the maximum amount of damage that would probably occur in the event of an accident & base his decisions on retentions and reinsurance on such an estimate.
d.
None of the above.
Posted under IC85 Reinsurance Management
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